Highbroad Advanced Material (Hefei) Co (SZSE:301321) Days Payable : 246.74 (As of Mar. 2024)

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What is Highbroad Advanced Material (Hefei) Co Days Payable?

Highbroad Advanced Material (Hefei) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,108 Mil. Highbroad Advanced Material (Hefei) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥410 Mil. Hence, Highbroad Advanced Material (Hefei) Co's Days Payable for the three months ended in Mar. 2024 was 246.74.

The historical rank and industry rank for Highbroad Advanced Material (Hefei) Co's Days Payable or its related term are showing as below:

SZSE:301321' s Days Payable Range Over the Past 10 Years
Min: 121.42 Med: 143.29 Max: 220.1
Current: 220.1

During the past 11 years, Highbroad Advanced Material (Hefei) Co's highest Days Payable was 220.10. The lowest was 121.42. And the median was 143.29.

SZSE:301321's Days Payable is ranked better than
91.52% of 2418 companies
in the Hardware industry
Industry Median: 67.94 vs SZSE:301321: 220.10

Highbroad Advanced Material (Hefei) Co's Days Payable increased from Mar. 2023 (229.76) to Mar. 2024 (246.74). It may suggest that Highbroad Advanced Material (Hefei) Co delayed paying its suppliers.

Highbroad Advanced Material (Hefei) Co Days Payable Historical Data

The historical data trend for Highbroad Advanced Material (Hefei) Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Highbroad Advanced Material (Hefei) Co Days Payable Chart

Highbroad Advanced Material (Hefei) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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153.49

142.61

134.38

188.01

205.14

Highbroad Advanced Material (Hefei) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															229.76	215.47	214.69	214.92	246.74

Competitive Comparison of Highbroad Advanced Material (Hefei) Co's Days Payable

For the Electronic Components subindustry, Highbroad Advanced Material (Hefei) Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Highbroad Advanced Material (Hefei) Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Highbroad Advanced Material (Hefei) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Highbroad Advanced Material (Hefei) Co's Days Payable falls into.

Highbroad Advanced Material (Hefei) Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Highbroad Advanced Material (Hefei) Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (967.072	+	1103.577)	/	2 )	/	1842.111	*	365
=	1035.3245					/	1842.111	*	365
=	205.14

Highbroad Advanced Material (Hefei) Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1103.577	+	1111.78)	/	2 )	/	409.651	*	365 / 4
=	1107.6785					/	409.651	*	365 / 4
=	246.74

Highbroad Advanced Material (Hefei) Co Days Payable Related Terms

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Highbroad Advanced Material (Hefei) Co (SZSE:301321) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Highbroad Advanced Material (Hefei) Co Ltd (SZSE:301321) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 699 Dayu Road, Xinzhan District, Anhui Province, Hefei, CHN, 230011

Website

http://www.hibr.com.cn

Highbroad Advanced Material (Hefei) Co Ltd is engaged in the research and development, production and sales of photoelectric display thin film devices.

Executives

Xiao Zhi Guang

Director

Highbroad Advanced Material (Hefei) Co (SZSE:301321) Headlines

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